InvestorsHub Logo
Followers 8
Posts 869
Boards Moderated 0
Alias Born 11/17/2014

Re: RealDutch post# 153140

Wednesday, 01/30/2019 1:58:30 PM

Wednesday, January 30, 2019 1:58:30 PM

Post# of 163716
RD what kind of margins would you expect to see for Tri-way's new trading business? They said they target low 9 figures for 2019 (let's assume the lowest at $100M). How would that ultimately translate into income for Tri-way?

Yes, the trading business has begun. Remember that this business is Tri-way’s, separate and apart from SIAF’s trading division. So they will run it. Sales started in November and December totaling in the low millions. Financing has been arranged. Tri-way intends to ramp the business starting in the first quarter of 2019. It’s difficult to project 2019 revenue, but Tri-way’s ambitions are low nine figures in the first full fiscal year. As already stated, this will provide incremental income to Tri-way, comparing to zero in the first ten months of 2018, and will flow through to SIAF on SIAF’s income statement proportionate to its equity interest.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.